PLUS Interest and Fees

For loans disbursed on July 1, 2017 or by June 30, 2018, the interest rate is fixed at 7.00%.

In addition to interest, the Federal PLUS Loan has a 4.276% origination fee for loans disbursed on or after 10/1/2016 and before 10/1/2017 and 4.264% origination fee for loans disbursed on or after 10/1/2017 and before 10/1/2018.  This fee reduces the amount that disburses to the student’s account. For example, if $5,000 is borrowed under the Federal Direct PLUS Loan program and disbursed 10/30/2017, $213.20 will be deducted from the loan amount and paid directly to the U.S. Department of Education.